Oracle Co. (NYSE:ORCL) Shares Bought by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management grew its stake in shares of Oracle Co. (NYSE:ORCL) by 6.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,328 shares of the enterprise software provider’s stock after acquiring an additional 726 shares during the quarter. Keudell Morrison Wealth Management’s holdings in Oracle were worth $1,930,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. GSA Capital Partners LLP purchased a new stake in Oracle during the 1st quarter worth $920,000. Concord Investment Counsel Inc. acquired a new stake in Oracle during the first quarter worth about $478,000. CFO4Life Group LLC acquired a new stake in Oracle during the first quarter worth about $306,000. Empirical Finance LLC increased its stake in shares of Oracle by 4.4% in the first quarter. Empirical Finance LLC now owns 46,347 shares of the enterprise software provider’s stock valued at $5,822,000 after purchasing an additional 1,937 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its stake in shares of Oracle by 31.1% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 126,159 shares of the enterprise software provider’s stock valued at $15,847,000 after purchasing an additional 29,963 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity

In other Oracle news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 42.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on ORCL. UBS Group reiterated a “market outperform” rating on shares of Oracle in a report on Friday, October 18th. Royal Bank of Canada initiated coverage on shares of Oracle in a research note on Wednesday, October 23rd. They issued a “sector perform” rating and a $165.00 price objective for the company. Jefferies Financial Group raised their price objective on shares of Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Sanford C. Bernstein raised their price objective on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Finally, JMP Securities raised their price objective on shares of Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research note on Friday, October 18th. Eleven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and an average target price of $168.52.

Oracle Stock Performance

ORCL traded up $0.20 during trading on Thursday, hitting $181.44. The stock had a trading volume of 1,240,148 shares, compared to its average volume of 8,251,511. The firm has a market cap of $502.78 billion, a PE ratio of 46.71, a P/E/G ratio of 3.12 and a beta of 1.02. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $182.10. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The company has a 50 day simple moving average of $165.58 and a 200-day simple moving average of $143.29.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.33 by $0.06. The firm had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.95 EPS. Analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were given a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.88%. Oracle’s dividend payout ratio is 41.24%.

About Oracle

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.